Capital Solutions Closes $37 Million Term Debt Financing For Sponsored Transportation Logistics Platform
The Capital Solutions Group (“Capital Solutions”) announces the closing of a $37 million senior secured term debt financing to refinance the existing term debt of a sponsored transportation logistics platform (the “Company”). Capital Solutions acted as the exclusive financial advisor to the Company which is majority owned by a leading middle market private equity firm.
“We continue to add to our track record of successfully executing sponsored middle market debt transactions with value-added results,” commented Brad Stewart, Partner, who led the financing for Capital Solutions. “The Company had several key objectives to accomplish in a refinancing including lowering its cost of debt capital, reducing its amortization payments, and significantly upsizing its existing working capital revolver to further expand the liquidity of the business. We were able to work with the Company’s existing lenders to minimize execution risk and timing, and to accomplish all of these objectives.”
About The Capital Solutions Group: We provide creative financial advisory services to closely-held Companies, Private Equity Sponsors, and Lenders in the Middle Market. Our services include: Debt Capital Raising, Recapitalizations, Financial Restructurings, and selected M&A assignments. Since our founding in 2009, we have advised on over $2 billion of debt issuance, financial restructuring, and strategic advisory assignments; these transactions have been executed primarily for private equity sponsored companies.
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